Greece Now Needs €145bn Bailout To Avoid Collapse!

• Greece is already collapsing right now!
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  Greece now needs €145bn bailout to avoid collapse! 
  By Emma Rowley, http://www.telegraph.co.uk/ 
  Greece could need an extra €15bn (£12.5bn) of international aid in addition to the €130bn in the works as the result of its continued failure to stem public spending.
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  Ahead of a crucial parliamentary vote to agree to a series of stark austerity measures designed to meet lenders’ requirements, it emerged the so-called Troika of rescuers are preparing to plough more funds into the troubled European nation.
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  Amid scenes of continued mounting social unrest, politicians must today decide whether to sign off fresh austerity measures demanded by the country’s international lenders in order to release a second aid package to Athens.
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  The rescue must be secured by March 20 in order to stave off bankruptcy. It is on that date that the Greek government has to pay back €14.5bn of its debt to holders of its bonds. On Saturday night, Lucas Papademos, the Greek prime minister, told the nation in a televised address that a rejection of the deal would lead to “uncontrollable economic chaos and social explosion”.
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  “This agreement will decide the country’s future,” he said. “We are just a breath away from ground zero.”
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  … for more click here!

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